Polyglobal Ltd (01961972): administration
- Status
- In administration
- Administration began
- 2024-09-30
- Administrators
- Philip Booth
- Administrators' firm
- Insolvency Code of Ethics. Needlesmart
- Formerly
- Polyurethane Progress Limited
- Incorporated
- 1985-11-20
- Location
- Ossett
- Industry
- 22290 Manufacture of other plastic products
Why it went into administration
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Weather / natural events
- Sustained trading losses
From the administrators' statement
Polyglobal Ltd (the Company” or “PG”) was incorporated on 20 November 1985 as Polyurethane Progress Limited and changed its name to Polyglobal Ltd on 26 August 2020.
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Administrators' statement of proposals (2024-10-25) · Companies House register